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Which of the following are correctly matched?
1. Nominal income - the wage someone gets in hand per day or per month
2. Real income - nominal income minus the present-day rate of inflation
3. Disposable income - the net part of wage one is free to use which is derived after deducting the Direct Access from the real/nominal income
Choose from the following options.
  • a)
    1 and 2 Only
  • b)
    2 and 3 Only
  • c)
    1 and 3 Only
  • d)
    All of them
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following are correctly matched? 1. Nominal income - the...
  • The income of a person has three forms—the first form is nominal income (the wage someone gets in hand per day or per month).
  • The second form is real income (this is nominal income minus the present-day rate of inflation-adjusted in percentage form), and
  • The last one is the disposable income (the net part of wage one is free to use which is derived after deducting the direct taxes from the real/nominal income, depending upon the need of data).
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Which of the following are correctly matched? 1. Nominal income - the wage someone gets in hand per day or per month2. Real income - nominal income minus the present-day rate of inflation3. Disposable income - the net part of wage one is free to use which is derived after deducting the Direct Access from the real/nominal incomeChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?
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Which of the following are correctly matched? 1. Nominal income - the wage someone gets in hand per day or per month2. Real income - nominal income minus the present-day rate of inflation3. Disposable income - the net part of wage one is free to use which is derived after deducting the Direct Access from the real/nominal incomeChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following are correctly matched? 1. Nominal income - the wage someone gets in hand per day or per month2. Real income - nominal income minus the present-day rate of inflation3. Disposable income - the net part of wage one is free to use which is derived after deducting the Direct Access from the real/nominal incomeChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are correctly matched? 1. Nominal income - the wage someone gets in hand per day or per month2. Real income - nominal income minus the present-day rate of inflation3. Disposable income - the net part of wage one is free to use which is derived after deducting the Direct Access from the real/nominal incomeChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of themCorrect answer is option 'D'. Can you explain this answer?.
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